Neo Solar Power finishes 2015 with strong revenue

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Neo Solar Power has reported December 2015 revenue of NT$ 2,640 million. This brings the company to NT$ 7.012 billion (US$ 210 million) for the fourth quarter of 2015, representing flat growth over a year prior and 24% growth over the previous quarter.

The company has not reported Q4 margins and profit levels yet, but reports that “current market demand is strong, and should stay strong onwards”. Neo Solar Power credits increased PV module shipments and continuous cell orders for its December revenue, which was its second highest monthly revenue to date, after December 2014.

Neo Solar Power is in the process of transferring cell capacity from Taiwan to Malaysia, and plans to have 70 MW of PV cell capacity ready for production during the first quarter of 2016.